KOSPI falls, foreigners obtain sellers
Korean won weakens against U.S. dollar
South Korea benchmark bond yield rises
SEOUL, Feb 26 (Reuters) - Round-up of South Korean financial
markets:
South Korean shares tumbled on Friday, reversing practically
all positive aspects clocked within the old session, as a tech rout on
Wall Boulevard and a steep rise in U.S. Treasury yields weighed.
The won weakened, while the benchmark bond yield rose.
The benchmark KOSPI fell 85.74 parts, or 2.77%,
to 3,013.95 by 0143 GMT, after jumping 3.50% within the old
session.
A topple in skills shares sank Wall Boulevard overnight,
while the U.S. Treasury yields vaulted to their very best since
the pandemic started on expectations of a discover economic
growth and connected inflation.
Most heavyweights slid, with skills giants Samsung
Electronics and gaze SK Hynix slumping
3.63% and 4.38%, respectively, while Naver and LG
Chem fell 2.35%-4.83%.
Within the period in-between, South Korea's exports seemingly grew for a fourth
straight month in February, a Reuters pollshowed, thanks to
making improvements to worldwide commerce, hopes of a vaccine-led restoration and
ask for semiconductors and cars. Chubby-month data is due on
March 1.
The Bank of Korea plans to diagram outright purchases of
treasury bonds payment around 5 to 7 trillion won ($4.5-$6.3
billion) all over the main half of of the year, a day after it saved
the benchmark ardour payment celebrated.
Foreigners were obtain sellers of 857.0 billion won ($764.34
million) payment of shares on the foremost board.
The won was as soon as quoted at 1,120.9 per dollar on the onshore
settlement platform , down 1.17%.
In offshore trading, the won was as soon as quoted at
1,119.5, while in non-deliverable forward trading its one-month
contract was as soon as quoted at 1,119.4.
The most liquid 3-year Korean treasury bond yield rose by
2.8 foundation parts to 1.022%, while the benchmark 10-year yield
rose by 7.8 foundation parts to 1.959%.
($1 = 1,121.2300 won)
(Reporting by Joori Roh)
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